Lions and friends…
The debt market is flashing more than a warning sign this morning.
As I am writing this, all the major stock market averages are lower, see the image below.
Bonds are selling off, which has pushed the 10 yr yield higher, see image below.
The MMRI is also higher, see image below.
What can happen?
If risk continues to rise, I would expect to see the stock market continue to fall under pressure-which could potentially be very substantial.
GM
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Author: Gregory Mannarino
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